SHA:600238 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	50.62	59.15	16.29	39.68	23.14	91.3
Cash & Short-Term Investments	50.62	59.15	16.29	39.68	23.14	91.3
Cash Growth	731.94%	263.12%	-58.94%	71.50%	-74.66%	-58.51%
Accounts Receivable	48.49	54.85	42.57	68.49	122.06	94.63
Other Receivables	26.94	25.97	21.14	25.39	63.25	67.94
Receivables	75.43	80.82	63.71	93.88	185.31	162.57
Inventory	293.89	291.34	266.61	276.18	321.58	306.75
Other Current Assets	95.1	88.96	85.3	139.6	100.13	147.86
Total Current Assets	515.04	520.27	461.25	573.25	630.17	708.48
Property, Plant & Equipment	154.9	157.93	171.05	176.73	189.57	221.2
Long-Term Investments	171.52	171.83	177.51	185.27	223.09	221.67
Other Intangible Assets	16.2	16.41	17.28	19.45	20.66	72.83
Long-Term Accounts Receivable	-	-	-	-	14.76	-
Long-Term Deferred Tax Assets	34.71	34.65	39.82	69.07	81.24	52.32
Long-Term Deferred Charges	0.51	1.04	0.49	0.68	6.92	0.54
Other Long-Term Assets	23.15	23.44	18.98	19.48	19.52	-
Total Assets	916.03	925.58	886.39	1,044	1,186	1,277
Accounts Payable	152.42	157.53	126.8	112.17	127.7	88.96
Accrued Expenses	29.14	35.83	35.92	31.23	46.67	41
Short-Term Debt	90.11	70.1	207.73	152.58	143.72	185.02
Current Portion of Long-Term Debt	96.87	103.74	32.86	29.52	123.11	21.23
Current Portion of Leases	-	-	1.58	2.02	7.32	3.68
Current Income Taxes Payable	19.13	32.01	2.08	2.08	3.36	2.1
Current Unearned Revenue	93.55	94.25	91.33	149.45	106.93	114.06
Other Current Liabilities	240.72	242.67	69.08	79.47	98.55	99.94
Total Current Liabilities	721.94	736.13	567.38	558.5	657.35	555.99
Long-Term Debt	12.7	12.8	105.86	131.46	11.4	117.87
Long-Term Leases	2.33	2.44	8.68	8.03	25.47	2
Long-Term Unearned Revenue	1.16	1.53	2.99	4.45	6.16	7.64
Long-Term Deferred Tax Liabilities	7.79	7.79	7.26	9.64	10.54	8.63
Other Long-Term Liabilities	60.14	59.39	55.44	55.32	62.33	58.06
Total Liabilities	806.07	820.09	747.61	767.41	773.25	750.19
Common Stock	448.2	448.2	448.2	448.2	448.2	448.2
Additional Paid-In Capital	109.85	109.85	109.85	109.85	90.88	127.49
Retained Earnings	-480	-480.92	-447.2	-311.06	-161.9	-78.6
Comprehensive Income & Other	-0.08	-2.4	-2.5	-2.37	-2.04	-1.87
Total Common Equity	77.97	74.73	108.36	244.63	375.15	495.22
Minority Interest	31.99	30.76	30.42	31.89	37.54	31.63
Shareholders' Equity	109.96	105.49	138.78	276.51	412.68	526.85
Total Liabilities & Equity	916.03	925.58	886.39	1,044	1,186	1,277
Total Debt	202.02	189.09	356.7	323.6	311.01	329.81
Net Cash (Debt)	-151.4	-129.93	-340.41	-283.92	-287.88	-238.51
Net Cash Per Share	-	-0.27	-0.75	-0.63	-0.63	-0.52
Filing Date Shares Outstanding	-	893.15	448.2	448.2	448.2	448.2
Total Common Shares Outstanding	-	893.15	448.2	448.2	448.2	448.2
Working Capital	-206.9	-215.86	-106.13	14.75	-27.18	152.48
Book Value Per Share	-	0.08	0.24	0.55	0.84	1.10
Tangible Book Value	61.77	58.31	91.08	225.18	354.49	422.39
Tangible Book Value Per Share	-	0.07	0.20	0.50	0.79	0.94
Buildings	-	-	196.86	196.86	186.39	203.54
Machinery	-	-	140.57	137.54	147.26	148.22
Construction In Progress	-	-	7.5	3.66	4.01	17.85

Source: S&P Global Market Intelligence. Standard template. Financial Sources.